Money Market

China Development Bank, UBA Sign Letter of Intent for a $100 million Loan Deal to Support SMEs in Africa

President of  China Development Bank(CDB),  Mr. Zheng Zhijie;  Chairman of UBA Plc, Mr Tony Elumelu; and GMD/CEO, UBA Plc, Mr. Kennedy Uzoka during the  signing of  $100 million loan facility agreement, facilitated by CDB for UBA Plc to fund SMEs in Africa…….. in Lagos on Tuesday February 28, 2018/UBA Plc […]

Mastercard joins hands with Flipkart; makes payments secure for online buyers

Companies enter into strategic partnership for Mastercard Digital Enablement Services (MDES) at Mobile World Congress 2018 February 27, 2018/Mastercard At Mobile World Congress today, Mastercard announced that Flipkart will be the first merchant in the Asia Pacific region to launch ‘Mastercard Digital Enablement Services (MDES) for Merchants’. The service will enable the card issuing banks […]

Digital credit scoring is paving the way to more affordable microloans in East Africa

February 27, 2018/Oradian More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project (https://goo.gl/tfCgED). What’s more, less than 10% of adults (https://goo.gl/ffawpE) in […]